A Journal of People report
Politics brings profit to some persons and loss to a few. A loser faces loss as the person ventures to profit, and plans to recover the loss already faced.
It has been reported in mainstream media including The Wall Street Journal:
Billionaire George Soros reportedly lost nearly $1 billion during Trump rally. The billionaire’s loss came after the stock market surged following Donald Trump’s unexpected November 8 election victory.
However, the hedge-fund manager’s former deputy, Stanley Druckenmiller foresaw the rally and gained a sizable profit.
Soros was cautious about the market going into the election and became bearish after Trump won.
Stocks and Treasury yields jumped in the wake of Trump’s victory, amid the prospects of looser regulations in certain sectors, lower tax rates, and fiscal stimulus.
Soros’ hedge fund, Soros Fund Management, manages about $30 billion for Soros and his family. Soros was a supporter of Hillary Clinton’s campaign.